Reliance has fixed a dividend record date, which will be its first reward since the largest 1:1 bonus issue in Diwali last year. In the upcoming AGM, experts predict key announcements related to Reliance Jio's IPO, or measures to scale its quick commerce, FMCG and new energy business.
Reliance Industries AGM Date:
As per the regulatory filing, Reliance Industries has fixed Friday, August 29, 2025, as the date to hold its 48th annual general meeting (AGM). The timing is 2:00 PM onward.
The AGM will be carried through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Reliance Industries AGM Expectations:
Earlier, CLSA in its report said, "Reliance's AGM will be an important event in the upcoming quarter."
According to the global brokerage, in the upcoming AGM, announcements and details regarding JioStar and its quick commerce offering, along with its FMCG expansion plans could be fresh tailwinds for the stock.
CLSA is also expecting to hear about the detailed timelines on the commissioning of its other
new energy projects: electrolyzer and battery manufacturing facilities. Any hints on the potential Jio IPO could act as another crucial trigger for the stock.
As per various reports, Reliance Industries could launch its Jio IPO this year, which would be biggest ever in the Indian IPO history. As per the latest Bloomberg report, Reliance has initiated informal discussions with the Securities and Exchange Board of India (SEBI) to seek approval for selling just a 5% stake in Jio Infocomm.
The IPO's size could be record-breaking at Rs 52,200 crore, which will make it the mother of all IPOs in India. Currently, the biggest IPO title is held by Hyundai Motor India who got listed earlier in 2025 after a Rs 28,000 crore IPO.
Reliance Industries Dividend:
Reliance is also expected to make dividend announcement during its AGM meeting. Since then the company has already fixed Thursday, August 14, 2025 as the "Record Date" for the purpose of determining the members eligible to receive dividend for the financial year 2024-25. Dividend, if declared at the AGM, will be paid within a week from the conclusion of the AGM, as per the filing.
This will become Reliance Industries first dividend after its big 1:1 bonus issue.
So far, Reliance has delivered up to 3 bonuses. All three bonus issue ratios are 1:1 each, and their ex-dates are in November 2009, September 2017, and October 2024.
Meanwhile, since May 2003, Reliance has delivered as many as 24 dividends to its investors, as per Trendlyne data. The last dividend payout was of Rs 10 per share in August 2024. Reliance is yet to make any announcement about dividends in 2025.
Reliance Industries Share Price:
After the closing bell on August 1st, Reliance stock price stood at Rs 1393.60 apiece, up by 0.24% on BSE with market cap of Rs 18,85,885.39 crore. During the overall week, Reliance stock was marginally up.
Should You Buy Reliance Industries Shares?
After Q1 results for FY26, brokerages have recommended BUY on Reliance Industries.
The latest report of Emkay Global analysts said, "RIL is confident of doubling EBITDA across the group by the end of this decade, and growth guidance on Jio and Retail, of doubling earnings in 3-4 years, is reaffirmed. Refining margins would be supported by closures in Europe and North America, though petchem recovery would take time. The New Energy ecosystem would operationalize in the next 4-6 quarters with financing and offtake partnerships, and become self-funded in a few years with perpetual growth."
"We factor in a tariff hike in Jio for Q3FY26E and raise O2C earnings, building in higher GRM. We raise FY26/27E EPS by 4/7% and TP by 10% to Rs1,600, with some expansion in target multiple of Other segments/New Energy. The stock performance has been strong in the last 3M; we retain BUY, albeit seek better entry points," analysts said on the valuation.
During the April-June 2025 quarter for FY26, Reliance registered its highest ever consolidated net profit of Rs 26,994 crore, owing to its one-time gains of Rs 8,924 crore due to stake sale in Asian Paints and other investment proceeds.
Reliance's PAT stood at Rs 19,407 crore in Q4FY25 and at Rs 15,138 crore in Q1FY25. Meanwhile, EBITDA jumped by nearly 36% YoY to Rs 58,024 crore.
Also, gross revenue surged by 6% YoY to Rs 273,252 crore ($ 31.9 billion). According to Mukesh Ambani, despite significant volatility in global macro conditions, Reliance begins FY26 with a robust, all-around operation and financial performance.